$BTC

Market Analysis on April 29, 2025 (Not Investment Advice)

BTC/U (1-hour chart) is currently still operating within a clear upward channel, with an overall bullish trend, but the rhythm is not urgent, belonging to a fluctuating upward structure.

【Formation and Structure】

• The price has just rebounded after receiving support at the lower edge of the channel, currently near the midline;

• EMA20 (94,517 U) currently forms short-term support;

• The current bullish entry point is around 94,668 U, with a stop loss set above 95,486 U, and the target is aimed down to 93,231 U, with a risk-reward ratio of about 2.32, which belongs to the logic of betting on a short position that “moves along the channel”;

• The pressure above is mainly concentrated in the range of 95,000–95,500 U;

• Support below looks at 93,600 U and near the lower edge of the channel.

Trading Signals

• From the current layout, this is a typical “pullback short” strategy in the middle of the channel;

• If the price strongly breaks through 95,000 U subsequently, the stop loss for this strategy will be triggered, and the market will turn to continue testing the upper track;

• If the resistance is effective, the price is expected to retest near the lower track (targeting the range of 93,200–93,600 U).

【Operational Suggestions】

• Aggressive traders can refer to the short position set in the chart;

• Conservative traders are advised to wait for the price to approach the upper and lower edges of the channel before looking for entry points, reducing interference from false signals in the fluctuation area;

• Currently, it is not advisable to chase the rise or blindly bottom-fish.

—— Understanding the market at your own pace is much more important than following the crowd.